2 hrs ago
Trump Claims China Opening While American Companies Remain Skeptical
Donald Trump says China may soon let American companies do more business there.
He says China made this promise during his meeting with Xi Jinping in May.
The agreement has not been fully written down yet.
Trump says the difficult part is putting the promise on paper.
Many American business leaders do not think China is opening its markets as much as Trump says.
Officials from both countries held talks on September 20th.
They created a board of trade to look at possible tariff reductions.
Trump and Xi are expected to meet again in Washington on September 24th.
Donald Trump says China is preparing to open its markets more widely to American companies.
Trump says a promise made during his May meeting with Xi Jinping still needs to be formalized.
American business leaders do not agree with Trump’s assessment that China is opening up.
Trump and Xi are expected to meet again in Washington on September 24th.
Officials held positive talks on September 20th and formalized a board of trade to consider tariff cuts.
- Who
- Donald Trump, Xi Jinping, Chinese and American officials, and American business leaders.
- What
- A dispute over whether China is preparing to open its markets more widely to American companies.
- Where
- The May meeting took place in Beijing, and the next leaders’ meeting is planned for Washington.
- When
- The relevant meetings and talks occurred in May and on September 20th; Trump and Xi are scheduled to meet on September 24th.
- Why
- Trump says a market-opening promise from China is awaiting formal documentation, while American business leaders remain unconvinced.
Trump and Officials’ View
American Business Leaders’ View
China’s market access
Trump and Officials’ View
Donald Trump says China is preparing for a major opening of its markets to American companies, based on a promise from the May meeting.
American Business Leaders’ View
American business leaders disagree with Trump’s claim that China is opening up.
Progress toward an agreement
Trump and Officials’ View
Trump says the promise mainly needs to be formalized, and officials sounded positive after September 20th talks.
American Business Leaders’ View
The article reports that business leaders remain unconvinced, without specifying their reasons.
Key facts
- Claim by Trump
- China is on the verge of opening its markets to American companies.
- May meeting
- Trump says he and Xi Jinping reached the promise during meetings in Beijing.
- Formalization
- Trump says the promise still needs to be put on paper.
- Business reaction
- American business leaders disagree with Trump’s assessment.
- September 20 talks
- Officials held positive pre-summit discussions.
- Board of trade
- The two sides formalized a board to identify possible tariff cuts.
- Next leaders’ meeting
- Trump and Xi are expected to meet in Washington on September 24th.
Sources
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